Econ and Finance - 11 Jul 2017

Dongbei Steel gets a bailout

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Speaking of Chinese steel, the long-embattled Dongbei Special Steel is getting a bailout (Caixin):

“Debt-strapped Dongbei Special Steel Group Co. Ltd. was expected to go bankrupt Monday. The steel maker, together with its subsidiaries, has defaulted on 10 bonds involving 7.2 billion yuan ($1.06 ...


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